Report by the Committee on Constitutional Affairs on the draft Decision amending Article 136 of the TFEU with regard to the EMS (7 March 2011)

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In its report of 7 March 2011, the European Parliament’s Committee on Constitutional Affairs supports the establishment of a permanent bailout fund for the euro zone. However, the MEPs express concern at the fact that the mechanism is based entirely on intergovernmental procedures and does not involve participation by the European Union (EU), and calls on the Member States to integrate the system into the EU.

Source and copyright

Source: Committee on Constitutional Affairs. Report on the draft European Council decision amending Article 136 of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro, A7-0052/2011. Strasbourg: 07.03.2011. 22 p. http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+REPORT+A7-2011-0052+0+DOC+PDF+V0//en.